Housing
HOUSING OPTIONS – MARKET & DEMOGRAPHICS
Market rate rental units delivered since 2015
Median household income
%
Increase in rental rates since 2020
%
Increase in population over the past 5 years
“The preliminary assessment of the housing market in Malta indicated that lower-wage earners will struggle to find housing in Town, which suggests a multi-pronged approach involving long-term housing solutions.”
The widely used rule of thumb is for rent not to exceed 30% of Household Income.
Allowing for mixed-income housing will help to proactively deal with this compounding issue.